If you are in a position in which you can make the choice to either use debt to finance something or just pay cash for it, you really are getting into a good place. Both of these options carry benefits, even if they both also carry some down sides to them. The one that you choose can be based on your risk tolerance, your concept of consciously spending on what really matters, or even just based on where you believe your money is going to work the hardest for you. After all, where you put your money is a very important part of your overall investing strategy, not to mention a great measure of how you really think.
If you decide to finance something, you might be in the position of not having a whole lot of cash. Or perhaps you are feeling bold about your ability to pay back the debts that you take on. In a case such as this, you have got to figure out whether you are just following a knee jerk reaction, or if you are being genuinely confident about where your money is going (and about how much is coming back in over time).
But if you pay cash for whatever it is, you might just feel a little bit afraid of how well (or how poorly) you could pay off a debt. After all, debts are things which can hang over your head for a pretty long time. But your cash is your energy, and it allows you to do only so much. If you really believe in what you are doing, cash is most definitely a better option. You just have to make sure that when you pay cash for something, you have plenty left over for the other responsibilities that you have, lest you end up coming up short when it really counts down the line.